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Fibonacci Paradise

  • #1,481
  • Jul 26, 2010 11:38am Jul 26, 2010 11:38am
Quoting Misterdaz
You about Thom? I currently have this 4H fib on EU, I hit exactly the same spot on 1H. We seem to be in a completed long fib for the last swing up. I know you (Thom) recently posted a completed short fib on that last swing down. Anyway, is this what you are seeing?

Attachment

MD.
I think completed may be a throw off point... I ahve seen fibs complete... retrace and shoot on for 2000 pips over a month span... the overall direction on EU is long. I am treating any long completetions as a hmm point since i have larger fibs pointing to as high as 1.63...near term 1.37

That fib will not stop you from going long.

I am personally treating them as a spot to look to get in long again and MAYBE scalp a short.

TK
  • #1,482
  • Jul 26, 2010 11:47am Jul 26, 2010 11:47am
Quoting ThomKnight
I think completed may be a throw off point... I ahve seen fibs complete... retrace and shoot on for 2000 pips over a month span... the overall direction on EU is long. I am treating any long completetions as a hmm point since i have larger fibs pointing to as high as 1.63...near term 1.37

That fib will not stop you from going long.

I am personally treating them as a spot to look to get in long again and MAYBE scalp a short.

TK
EDIT: if you did have a short fib triggered from the 138.2 and did not have it completed... you would be getting a smashing short entry though mate.
  • #1,483
  • Jul 26, 2010 11:57am Jul 26, 2010 11:57am
Quoting ThomKnight
I think completed may be a throw off point... I ahve seen fibs complete... retrace and shoot on for 2000 pips over a month span... the overall direction on EU is long. I am treating any long completetions as a hmm point since i have larger fibs pointing to as high as 1.63...near term 1.37

That fib will not stop you from going long.

I am personally treating them as a spot to look to get in long again and MAYBE scalp a short.

TK
Thanks Thom. I now look at the 138 pip perfect turns as somewhere to pause and think. I appreciate it does not mean we are finished in that direction. They are good for first position 61.8 trades maybe.

I have found a larger EU fib signaling 1.6400. I cannot find the one pointing to 1.3700 not that I doubt you.

Kiwi looking good eh?

MD.
Keep smiling
  • #1,484
  • Jul 26, 2010 11:59am Jul 26, 2010 11:59am
Quoting Misterdaz
Thanks Thom. I now look at the 138 pip perfect turns as somewhere to pause and think. I appreciate it does not mean we are finished in that direction. They are for first position 61.8 trades maybe.

I have found a larger EU fib signaling 1.6400. I cannot find the one pointing to 1.3700 not that I doubt you.

Kiwi looking good eh?

MD.
Yes mate! Spot on. The Kiwi is a mover to be sure. GU just hit d1 resistance so mayhaps we get a good pull back to set a monthly position trade.
  • #1,485
  • Jul 26, 2010 12:45pm Jul 26, 2010 12:45pm
Anyone have any thoughts on this ?

GU long


Sl 1.5477
TP 1.5544

can you see how that call was made?

edit entry atm is 1.5490 and this is not a trade call ubt a trading thought on fibs...the target will most certainly get hit.. but the sl on this trade might as wel.
  • #1,486
  • Jul 26, 2010 5:02pm Jul 26, 2010 5:02pm
Quoting ThomKnight

can you see how that call was made?
Clear as a glass of Ketel One
Jeremiah WAS a bullfrog.
  • #1,487
  • Jul 26, 2010 5:09pm Jul 26, 2010 5:09pm
Quoting ThomKnight
Anyone have any thoughts on this ?

GU long


Sl 1.5477
TP 1.5544

can you see how that call was made?

edit entry atm is 1.5490 and this is not a trade call ubt a trading thought on fibs...the target will most certainly get hit.. but the sl on this trade might as wel.
Here goes Thom. Allowing for slight differences in data and Thom's old mincies I come up with this effort. I pulled a fib on the whole swing then worked my black fib up here by springing each one off the 61.8 to where it sits now, This gives us Thom's entry and exit fib I believe. I couldn't figure why Thom had the stop there, it is a previous low but it must be something to do with fibs so I tried the red one......

Attached Image (click to enlarge)
Click to Enlarge Name: GU260710.JPG Size: 74 KB


MD.
Keep smiling
  • #1,488
  • Jul 27, 2010 4:32am Jul 27, 2010 4:32am
In a similar vane to recent posts I am watching the red fib on this cable chart. We are long on several larger fibs for cable so I'm looking for longs but Thoms making me think....

PRZ's....sure as eggs is eggs(ter).

Attached Image (click to enlarge)
Click to Enlarge Name: gu271007.png Size: 13 KB


MD.
Keep smiling
  • #1,489
  • Jul 27, 2010 8:02am Jul 27, 2010 8:02am
Quoting 3 Dog Night
Long on USDCHF to at least 1.05685...with NO SL.....yeah baby!!!

Too bad I'm not from China. Nor do I have any tea. If so; I'd be all in.

Hope I'm right.
Patience better than hope, Mr Egg!

Took awhile but got there. I am a happy chap. Me and the Vandellas be "dancin in the street", eh wot!

Cheers mates!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf2.gif Size: 18 KB
Jeremiah WAS a bullfrog.
  • #1,490
  • Jul 27, 2010 9:26am Jul 27, 2010 9:26am
Skunny said:

"I just didn't place this fib where it is now. I brought the fib there by a series of previous moves."

Does anyone know how he does his "previous moves"? Fib stacking maybe?

http://www.forexfactory.com/showpost...&postcount=137
  • #1,491
  • Jul 27, 2010 9:30am Jul 27, 2010 9:30am
Congrats on your first 100 pages Bartstop! I really enjoy reading your thread sir. This is gold. I'd like to extend a very warm hello and thank you to Misterdaz, Skong, Eggster and ThomKnight.

K.I.S.S.
  • #1,492
  • Jul 27, 2010 9:38am Jul 27, 2010 9:38am
Quoting bartstop
Skunny said:

"I just didn't place this fib where it is now. I brought the fib there by a series of previous moves."

Does anyone know how he does his "previous moves"? Fib stacking maybe?

http://www.forexfactory.com/showpost...&postcount=137
I spent hours looking at that post and I never figured it out. I know a bit more now so I'm gonna have another look.

That black fib I have on the above couple of posts is one Thom hinted at. I pulled it starting with the larger swing fib and pulled smaller fibs from the 61 of the previous.

The larger fib has moved now but you get the idea.

MD.
Keep smiling
  • #1,493
  • Jul 27, 2010 9:40am Jul 27, 2010 9:40am
Quoting KissFan
Congrats on your first 100 pages Bartstop! I really enjoy reading your thread sir. This is gold. I'd like to extend a very warm hello and thank you to Misterdaz, Skong, Eggster and ThomKnight.

K.I.S.S.
You are very welcome, feel free to post and don't praise BarTstop too much he gets a big head.

MD.
Keep smiling
  • #1,494
  • Jul 27, 2010 10:10am Jul 27, 2010 10:10am
Quoting bartstop
Skunny said:

"I just didn't place this fib where it is now. I brought the fib there by a series of previous moves."

Does anyone know how he does his "previous moves"? Fib stacking maybe?

http://www.forexfactory.com/showpost...&postcount=137
I just fibbed that whole swing again, my 61.8 would fit where he has his zero. From there though I don't know why he put that fib there.

MD.
Keep smiling
  • #1,495
  • Jul 27, 2010 10:24am Jul 27, 2010 10:24am
Quoting Misterdaz
I just fibbed that whole swing again, my 61.8 would fit where he has his zero. From there though I don't know why he put that fib there.

MD.
You can put your 61.8 there and it looks good but no completion. Maybe Lehman Bros was enough to break that fib?
  • #1,496
  • Jul 27, 2010 10:34am Jul 27, 2010 10:34am
Quoting bartstop
You can put your 61.8 there and it looks good but no completion. Maybe Lehman Bros was enough to break that fib?
It would be the next logical placement from what I know. Yes it did not complete.

MD.
Keep smiling
  • #1,497
  • Jul 27, 2010 10:50am Jul 27, 2010 10:50am
I still don't understand Skunny's method but here's Thoms. You have to zoom in to Daily to see the 50 hit.

I've been working on this for 2 hours. It seems a 61-50 is always there you just have to hunt for it sometimes.

Thom has not sold us a Porky Pie has he?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gy-50.gif Size: 21 KB
Click to Enlarge Name: gy-61.gif Size: 22 KB
  • #1,498
  • Jul 27, 2010 11:03am Jul 27, 2010 11:03am
Quoting ThomKnight
so to build off of the hits bounces etc.... here is my GY chart that said ahoy get into that move now... there was also a closure out on a smaller time frame to the short side at the 50 line... by using the 61.8 property to the left of the low point.. it happened to describe the recent push off of price... which showed me it was a pip perfect.. or tweakably observably so, hit with a rejection.. hence time to go long..hence i need pretty precise hits and will do what needs be done to get them or I wont enter a trade.
He used one recently me old china.
Keep smiling
  • #1,499
  • Edited 11:34am Jul 27, 2010 11:22am | Edited 11:34am
Quoting bartstop
Skunny said:

"I just didn't place this fib where it is now. I brought the fib there by a series of previous moves."

Does anyone know how he does his "previous moves"? Fib stacking maybe?

http://www.forexfactory.com/showpost...&postcount=137
perhaps... walking swings or moving 61.8s

EDIT: looking at that chart.. look at the extra fibs level..23.6 to 161.8 on other threads Skunny used al the way up to 238. I never tested it but i imagine you use the 23.6 not unlike the 61.8 and just target 161.8. No doubt something to do with 138.2 price movements and ratios etc.. I haven't the foggiest.
  • #1,500
  • Jul 27, 2010 11:31am Jul 27, 2010 11:31am
Crimeny. Gy finally broke after signalling(for me) almost 2 months ago. chuckle. I lurv reading analysis on other threads on here..so i know whose money we are taking. chuckle.

Porky pies? never mate! You may be being too rigid looking for exactly x then y then z, but if it works for you I am over the moon.

It may help you bartstop...here is my mind on this.. I knew 2 things going
into say... gy... the daily is long until perhaps 170 with some near term stops obviously since that is a massive range. We have been looking for 139 very near term. So that has had me looking to take longs off of D1 h4 h1..i will take smaller shorts of course here and there but they have a shelf life and can be mucked up so I am extra cautious.

I know when i favour longs I will be right just add time. Drawdown doesnt bother me because I know I am long. WE get a smaller fib range it is the same principle...i try to get a tight stop.. and well.. it does get tripped on me... so i just factor what i can sustain and go with it or track the retrace. I know it is not very skilled but it is simple and works for me.
TK
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